Which of the following is a necessary condition for perfect, Ask an Expert

Economics

Which of the following is a necessary condition for perfect competition? A) A small number of firms control a large share of the total market. B) Movement into and out of the market is limited. C) Firms produce a standardized product. D) Extensive advertising is used to promote the firm's product.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91914913

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